Attached is 10 accounting multiple choice questions I need help with, thanks for your patience.

QUESTION 1 Not complete Marked out of 1.00 question Question text When raw material costs are increasing, which inventory costing method will produce the highest gross profit? Select one: FIFO LIFO Weightedaverage cost Not able to determine Check QUESTION 2 Not complete Marked out of 1.00 Question text Smith Company provides the following financial data: 2017 Revenues 2016 2015 9,252 8,453 8,000 Cost of goods sold 3,750 3,580 3,400 Gross profit 5,502 4,873 4,600 Inventories 1,505 1,658 1,858 What is the inventory turnover for 2016 and 2017, respectively? Select one: 2.9 and 3.7 1.8 and 2.2 2.2 and 2.5 2.0 and 2.4 Check QUESTION 3 Not complete Marked out of 1.00 Question text Smith & Sons has beginning inventory of $50,000, purchases of $260,000 and ending inventory is $35,000. What is the company's cost of goods sold? Select one: $245,000 $345,000 $175,000 $275,000 Check QUESTION 4 Not complete Marked out of 1.00 question Question text The Tempe Gift Shop's days' sales in inventory ratio for the current year is 60 days. Similar gift shops have a days' sales in inventory ratio for the current year of 30 days. Which of the following statements is valid? Select one: The Tempe Gift Shop is managing its inventory more effectively than its competitors. The Tempe Gift Shop has too little inventory on hand. The Tempe Gift Shop needs to increase sales and decrease the amount of inventory on hand. Check QUESTION 5 Not complete Marked out of 1.00 question Question text Smith & Sons sells old clocks. The company had the follow transactions: April 1, Beginning Inventory: 20 clocks @ $100 each = $2,000 April 10, Purchase: 10 clocks @ $125 each = $1,250 April 20, Purchase: 10 clocks @ $120 each = $1,200 April 25, Sales of inventory 25 clocks @ $500 What is the company's cost of goods sold using FIFO? Select one: $1,500 $1,825 $4,450 $2,950 $2,625 Check QUESTION 6 Not complete Marked out of 1.00 Question text Smith & Sons sells old clocks. Using the information from Question 5, calculate the company's cost of goods sold using LIFO. Select one: $2,950 $2,625 $4,450 $1,825 $1,500 Check QUESTION 7 Not complete Marked out of 1.00 Question text Smith & Sons sells old clocks. Using the information from Question 5, calculate the company's cost of goods sold using weightedaverage cost. Select one: $2,875.00 $2,625.00 $2,781.25 $3,750.75 $2,950.00 Check QUESTION 8 Not complete Marked out of 1.00 Question text Smith & Sons has been selling clocks for $500 each that had cost $150. By year end, the replacement cost of the clocks had declined to $125, and consequently, the company decided to reduce its selling price to $450. At what value should the company's inventory of clocks be valued at on December 31, its year end? Select one: $450 $150 $125 There is insufficient information to answer this question. Check QUESTION 9 Not complete Marked out of 1.00 question Question text Smith & Sons has beginning inventory of $400,000, ending inventory of $300,000, cost of goods sold of $1,500,000, and sales revenue of $2,400,000. What is the company's inventory turnover? Select one: 8.0 6.0 5.0 4.3 6.9 Check QUESTION 10 Not complete Marked out of 1.00 Question text Smith & Sons has beginning inventory of $300, ending inventory of $600, cost of goods sold of $900, and sales revenue of $1,200. What is the company's days' sales in inventory? Select one: 182.5 days 121.7 days 91.3 days 73.0 days